Vikran Engineering to hold 18th AGM on Sep 11, 2026; approves dividend & borrowing limits
Vikran Engineering Limited will hold its 18th AGM on September 11, 2026, via VC/OAVM. The agenda includes adopting FY26 financial statements, appointing a director, and declaring a dividend of ₹0.18 per share. Shareholders will also vote on MOA/AOA amendments, enhanced borrowing limits up to ₹3,500 Crore, and issuing NCDs up to ₹1,000 Crore.
The AGM agenda includes several material items such as dividend declaration, significant borrowing limits (up to ₹3,500 Crore), and the issuance of debt securities (up to ₹1,000 Crore), as well as amendments to MOA/AOA for business expansion. These decisions can have a notable impact on the company's financial structure, operational capabilities, and future growth prospects.
The announcement is a routine notice for an Annual General Meeting (AGM) detailing various agenda items, including financial statement adoption, dividend declaration, director appointment, business expansion, borrowing limits, and debt issuance. While these are important corporate actions, they do not inherently signal a significant positive or negative shift in the company's performance or outlook.
Vikran Engineering Limited has announced its 18th Annual General Meeting (AGM) will be held on Friday, September 11, 2026, at 11:30 A.M. IST, through Video Conference (VC) / Other Audio-Visual Means (OAVM). The company will consider and adopt the audited financial statements for the financial year ended March 31, 2026, both standalone and consolidated.
Key agenda items for the AGM include the appointment of Mr. Nakul Markhedkar as a Director, who retires by rotation. The company also proposes to declare a final dividend of ₹0.18 per equity share for the financial year ended March 31, 2026.
Furthermore, the shareholders will vote on several special resolutions. These include the amendment of the Memorandum of Association (MOA) to expand business activities into areas like data centers, telecom infrastructure, and renewable energy projects, and the alteration of the Articles of Association (AOA) to include a Nominee Director clause for debenture holders. The company also seeks approval to enhance its borrowing limits under Section 180(1)(a) of the Companies Act, 2013, to ₹3,500 Crore (with fund-based facilities up to ₹1,500 Crore) and under Section 180(1)(c) to ₹1,500 Crore for fund-based facilities and ₹2,000 Crore for non-fund-based facilities. Approval will also be sought for limits under Section 186 for loans, guarantees, and investments, aggregating up to ₹1,500 Crore.
Additionally, the AGM will ratify the remuneration of Cost Auditors for FY 2026-27 and approve remuneration for Key Managerial Personnel (KMP) Mrs. Kanchan Markhedkar and Mr. Vipul Markhedkar for FY 2026-27. The company also plans to issue Non-Convertible Debentures (NCDs) or other debt securities up to ₹1,000 Crore on a private placement and/or public issue basis.
The cut-off date for remote e-voting is Friday, September 4, 2026. Remote e-voting will commence on Monday, September 7, 2026, at 09:00 A.M. IST and end on Thursday, September 10, 2026, at 05:00 P.M. IST. The record date for the final dividend for FY 2025-26 is Friday, August 28, 2026.
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Vikran Engineering Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vikran Engineering Limited. Read the original for the full detail.